South Korean crypto exchange Bithumb and the crowdfunding platform seriesOne plan to open a security token exchange in the U.S once they get approvals from the Securities and Exchange Commission, the Financial Industry Regulatory Authority and other applicable regulators, the companies said in a press release.

Security tokens allow holders to purchase goods and services and often promise investment returns and value appreciation like traditional securities.

Unnamed sources told South Korea’s Yonhap News Service seriesOne is pushing to establish the security token exchange in the United States during the first half of next year, and Bithumb will provide related technology and operate the exchange.

ThirtyK Staff
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